(PRNewsfoto/HTX)
HTX, a prominent global cryptocurrency exchange, has launched a new service for minting and redeeming USDe, a synthetic dollar, directly on its platform. This initiative, announced on February 9, 2026, in Panama City, also introduces a daily rewards program for USDe holders. This significant development follows USDe’s recent listing and aims to enhance user experience by providing a more efficient way to manage digital assets.
Justin Sun, Advisor to HTX, emphasized the importance of this launch, stating, “By bringing minting and redemption directly onto HTX, we are making advanced on-chain financial tools accessible to a much broader audience.” This reflects HTX’s ongoing commitment to innovation and user-centered services in the rapidly evolving cryptocurrency market.
Understanding USDe and Its Benefits
Developed by Ethena Labs, USDe is a synthetic dollar designed to serve as a crypto-native alternative to traditional dollar-denominated currencies. Unlike conventional stablecoins that depend primarily on fiat reserves, USDe is backed by significant cryptocurrencies like BTC and ETH. It employs a delta-neutral hedging strategy to stabilize its value, aiming to minimize price volatility while maintaining a close alignment with the U.S. dollar.
With the new minting and redemption service, HTX users can directly interact with USDe through Ethena’s smart contracts. This process eliminates the need for spot order books or over-the-counter (OTC) liquidity, thereby simplifying transactions. Key advantages of this service include:
– **Unlimited scale**: Users can mint or redeem USDe without any caps on transaction sizes.
– **Uniform costs**: The costs associated with minting and redemption remain consistent, irrespective of the transaction amount.
– **Improved liquidity efficiency**: This feature allows users to enter or exit USDe positions smoothly, avoiding slippage or liquidity issues common in secondary markets.
These enhancements significantly streamline access to USDe, offering a more efficient and transparent way for users to manage their exposure to this synthetic dollar.
Rewards Program and User Engagement
In addition to the minting and redemption capabilities, HTX is launching a daily rewards program for users holding USDe in their spot accounts. These rewards will be distributed weekly, allowing users to earn passive income simply by holding USDe. This initiative aims to improve capital efficiency while ensuring users maintain dollar-denominated exposure.
HTX is also rolling out various campaigns related to USDe, including an upcoming annual percentage yield (APY) boost on a new flexible product, potentially offering subscribers up to 15% APY. Additionally, a trading competition is set to take place until February 20, 2026, with participants competing for a prize pool of 10,000 USDe. These initiatives are designed to further engage users with the USDe ecosystem.
Elliot Parker, COO of Ethena Labs, remarked, “HTX launching in-platform minting & redemption of USDe for stablecoins is a great example of putting users first.” This feature facilitates 24/7 access to minting and redemption services, showcasing HTX’s dedication to enhancing the user experience.
HTX’s launch of the USDe minting, redemption, and rewards program reinforces its commitment to user-centric innovation. By collaborating closely with Ethena, HTX is providing infrastructure that not only enhances capital efficiency but also simplifies participation in advanced on-chain financial systems.
The exchange aims to foster connections between centralized platforms and the rapidly advancing decentralized finance (DeFi) landscape. Through robust infrastructure and a focus on user utility, HTX continues to empower users to engage more effectively with the evolving digital asset ecosystem.
Founded in 2013, HTX, previously known as Huobi, has transformed from a virtual asset exchange into a comprehensive blockchain business ecosystem. The platform offers services spanning digital asset trading, financial derivatives, research, and investments. HTX is dedicated to providing quality services to cryptocurrency enthusiasts worldwide while adhering to a growth strategy focused on global expansion, security, and compliance.
For more information about HTX, visit their official website at https://www.htx.com/ or follow them on various social media platforms.
